Wong Raymond 4
4 · ALLEGHANY CORP /DE · Filed May 11, 2020
Insider Transaction Report
Form 4
Wong Raymond
Director
Transactions
- Award
Common Stock
2020-05-11+280→ 7,577 total
Holdings
- 900(indirect: By Trust)
Common Stock
- 300(indirect: Held by limited liability company in which reporting person has a pecuniary interest)
Common Stock
Footnotes (2)
- [F1]Grant of 280 restricted stock units for no cash consideration under the Alleghany Corporation 2015 Directors' Stock Plan, reflecting such number of restricted stock units ("RSUs") equal to $150,000 (as determined by the Board of Directors in accordance with the plan) divided by the average of the closing sales prices of the common stock on the 30 consecutive trading days preceding the grant date as reported by the NYSE.
- [F2]Under the Alleghany Corporation 2005 Directors' Stock Plan, 2010 Directors' Stock Plan and 2015 Directors' Stock Plan, when the registrant pays a cash dividend on its common stock, each director holding RSUs awarded under such plan(s) is credited with a corresponding dividend on his or her RSUs in the form of additional RSUs. As a result, this reflects 104 RSUs received as dividends in connection with a special cash dividend of $15.00 per share of common stock paid on March 16, 2020, of which 13 RSUs have vested and been settled in common stock.